New Renaissance Hotel taking shape

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The Renaissance Hotel on Interquest Parkway is scheduled to open next spring. The hotel is already receiving inquiries about reservations.

The Renaissance Hotel on Interquest Parkway is scheduled to open next spring. The hotel is already receiving inquiries about reservations.

Less than a year away from completion, the $60 million, 300-room Renaissance Hotel on Interquest Parkway is beginning to take shape.

On a site tour last week, the CSBJ learned that groups are already booking room nights in anticipation of the hotel’s opening next spring.

“We’ve already had a lot of calls from people wanting reservations for next spring’s USAFA (U.S. Air Force Academy) graduation — and not surprisingly, from Denver groups,” said Sharon Siedler, director of sales and marketing and interim general manager for the project. “Our location and the fact that we’re new are both big selling points.”

One key marketing strategy will be the Marriott connection — a corporate promotion designed to cross-sell sister properties — which will allow three additional properties to join forces to accommodate large convention groups.

The north side properties — Courtyard by Marriott, the Marriott in Rockrimmon, Residence Inn at Interquest Parkway and the Fairfield Inn and Suites in Monument — will enable Siedler to house up to 3,000 guests at one time.

The project’s general contract is Flintco, and Classic Homes is overseeing construction.

“We’ll be working hard to finish by our deadline at the end of March,” Siedler said. “We just booked a group that may be as large as 3,000 people that wants to meet during the second week of April. It’s going to be an exciting time.”

New team

The newly formed Madson Group, comprised of brokers Charlie Madson, Thomas Powell, Loren Dunkley, Michelle Long and Scott Snow, has brought four real estate specialties together.

Madson, a self-described “generalist,” joined Keller Williams during 2004 and helped build the company’s first in-house commercial brokerage.

He was joined by land specialist Dunkley, medical and general office broker Powell, industrial and investment specialist Snow and newest member, Michelle Long.

Alamosa deals

The State of Colorado’s Department of Military and Veterans Affairs has leased two offices in Alamosa, a 5,200-square-foot building at 2311 Commerce Circle and 1,200-square-feet at 1123 West Avenue.

Mary Frances Cowan of Grubb & Ellis Quantum Commercial Group represented the state. Terri Husman of Re/Max Real Estate represented the landlords.

Heads up

The Holder Construction Group, an Atlanta-based general contractor, has filed for an $82 million building permit for the Hewlett Packard data center at 311 S. Rockrimmon Blvd.

Wondered what’s up with the Embassy Suites Hotel plan for a site near the America the Beautiful Park?  Jim Rees, a Colorado Springs Urban Renewal Authority consultant to the project, said the project developer, John Q. Hammons, is not a casualty of the recession.

He said the company is working on a revised site plan that it will resubmit to the CSURA board for approval in a few weeks.

Sharon Siedler, interim manager for the Renaissance Hotel, also confirmed that the project is still “a go.”

Landmark restaurant sold

Employees on their way to work along the Garden of the Gods Road corridor will soon see the end of an era.

The former barn-red Hungry Farmer-Ranch-Fire Rock restaurant, with its nostalgic rural America façade, will give way to a 12,000-square-foot free-standing Chick-Fil-A quick service restaurant and drive-through.

The location will be the chain’s third free-standing complex in Colorado Springs.

The 1.9-acres of prime real estate, with easy access on and off Interstate 25, was purchased for $2 million.

Jim Spittler and Jamie Spittler of NAI Highland Commercial Real Estate represented the seller, V.A. Resources. Rebecca Richards of DHL Brokerage in Denver represented the buyer.

Becky Hurley covers real estate for the Colorado Springs Business Journal.

One Response to New Renaissance Hotel taking shape

  1. Becky Hurley has done an excellent job on this news piece and this will be an excellent addition to this city’s hotel network.

    It will also be interesting if CSBJ could compare this project with the U.S.O.C. building downtown, which has a similar price, but doesn’t seem to have 300 rooms AND a convention center, and a huge parking lot. Well?

    FactFinder
    August 14, 2009 at 9:29 pm